Governor of Edo State, Godwin Obaseki, has expressed some concerns about some of the monetary policies recently introduced by the Central Bank of Nigeria (CBN) based on what he considered as the potential detrimental impacts of the implementation on the nation’s economy. It would be recalled that the apex bank had last week, through its […]
The Centre for the Promotion of Private Enterprise (CPPE), a frontline private sector advocacy organization in Nigeria, has called on the Federal Government to immediately review its recently introduced Expatriate Employment Levy (EEL) policy in view of the negative implications of its implementation for the economy. The Centre, in a Note issued on Sunday by […]
Transnational Corporation Plc (Transcorp Group) has announced the listing of its subsidiary, Transcorp Power Plc, by introduction on the main board of the Nigerian Exchange (NGX). This disclosure was contained in a statement released by the Transcorp Group’s Company Secretary, Stanley Chikwendu, on Monday. According to the statement, there will be a “Facts Behind the […]
… To Inaugurate Fashion Hub, Adire Shared Facility in Ogun The Vice President, Kashim Shettima, will on Tuesday declare open the Expanded National Micro, Small and Medium Enterprises (MSMEs) Business Clinics in Abeokuta, Ogun State, as part of the activities lined up for his one-day visit to the state. The Expanded National MSMEs Business Clinic […]
Minister of State for Youth Development, Mr. Ayodele Olawande, has commended the Nigeria Deposit Insurance Corporation (NDIC) for its achievements in safeguarding depositors from the adverse impacts of bank failures. Specifically, the minister lauded the Corporation for consistently supporting the Central Bank of Nigeria (CBN) in overseeing the banking sector and contributing to the stability […]
The Central Bank of Nigeria (CBN), on Friday successfully concluded a sale of government securities, issuing N1.053 Trillion (US$680 million) in short-term instruments as part of its liquidity management measures. Specifically, the apex bank offered N500 billion at the Open Market Operations (OMO) auction and the offer was oversubscribed, selling N1.053 trillion, with 79% of […]
Ogun State Government has unveiled plans to train 100,000 Small Medium Enterprises (SMEs) owners, especially youths, on emerging technologies, towards empowering them for contributions to the current drive towards digitalization of the economy. The ICT capacity building initiative would be pursued through GetFundedAfrica Technologies (GFAT) in partnership with Microsoft, Google and Meta In his keynote […]
The Central Bank of Nigeria (CBN) , in exercise of the powers conferred on it under the Bank and other Financial Institutions Act (BoFIA) 2020, Act No. 5, and the Revised operational Guidelines for Bureaux De Change 2015 (the Guidelines), has revoked the licenses of 4,173 Bureaux De Change operators. The CBN disclosed that list […]
Ericsson and MTN Group have agreed to modernise the core network of MTN’s affiliates in South Africa and Nigeria over five years in line with MTN Group’s MTN Unified Cloud Acceleration (MUNA) principles and objectives. The MTN Group in a statement indicated that the agreement was recently concluded, where the companies agreed on key strategic […]
The Federal Government has imposed a $10 billion fine on crypto trading platform, Binance, over allegations of influencing the country’s forex crisis. Mr. Bayo Onanuga, the Special Adviser on Information and Strategy to President Bola Tinubu disclosed this early Friday during an interview with the BBC. According to him, the cryptocurrency trading platform benefitted from […]